You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Grocery and convenience stores

2640 Berlin Tpke Newington, CT 06111

18,874 SF 6.22 ac lot Built 2008
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US15-0882751
2640 Berlin Tpke, Newington, CT 06111 For Sale
$2,565,000 18,874 SF
2640 Berlin Tpke, Newington, CT 06111
View Listing →
Property summary
AI-generated overview

This exceptional 3.22-acre retail land site presents a remarkable investment opportunity in Newington, Connecticut. Located at 2640 Berlin Turnpike, this level lot enjoys unparalleled visibility and accessibility along one of Connecticut's busiest retail corridors. The property's strategic position directly adjoins a thriving Aldi grocery store, further enhancing its desirability. Surrounded by a concentration of national retailers including Walmart, Target, Stop & Shop, Lowe's, and Whole Foods, this site benefits from significant consumer traffic and established brand recognition. The high-traffic location boasts excellent access via Berlin Turnpike (28,800 cars per day) and Kitts Lane (8,100 cars per day), ensuring maximum exposure for any development. This property is ideal for owner-users seeking to establish a new business or investors looking to capitalize on the strong retail market in this prime location. The level lot is ready for immediate development, minimizing pre-construction hurdles and accelerating the return on investment. This is a rare opportunity to acquire a premier retail land site in a highly sought-after area of Connecticut. Don't miss this chance to secure a piece of Newington's thriving retail landscape.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,874 SF
Lot 6.22 ac (270,943 SF)
Zoning code PD
APN NEWI M:23 B:177 L:0
UPID US15-0882751
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ALDI Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.28M
Comparable Approach Comparable
$2.75M
Blend (final) Blend
$2.57M
Owner & transaction history
Aldi INC · 18 yrs held
Aldi INC
since 2007
7 recorded transactions
2007
$2.1M
2007
$1
2006
Price N/A
2006
$1
2003
Price N/A
1998
Price N/A
1996
Price N/A
Zoning & alternative use
PD · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.2M +69.3%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message